#Bitcoin❗ - Update 11/9:
Neutral Zone [H4 - Daily]
Daily Support: $56,000 - $56,100
Major Resistance Up: $59,100 and $59,600 (Zone)
📉Price is moving quietly in a descending channel without any real buying pressure.
💡In the short term, it is difficult to know whether the $56,000 support will hold. But I think the $59,000 - $59,600 zone will be very difficult to break if it is retested.
➡️The next 2 weeks will be crucial to get a better mid-term vision.
Based on my HTF and daily configuration, I think there is a high chance of seeing another correction towards the $50,000 area or even $44,000📉
💡As long as the price remains below $60,000 for the week, I will not risk buying long/mid-term.
💡Therefore, my mid-term to long-term analysis still holds.
Once again, I think the $44,000 area will be crucial for the next big move!
